Northern Lights Acquisition filed a definitive proxy and schedule a June 24 meeting for shareholders to vote on its proposed merger with Safe Harbor Financial, which provides financial services to the cannabis industry.
Announced in February, the SPAC intends to acquire Safe Harbor for $185 million, of which $70 million will be paid in cash and $115 million in shares of Northern Lights Class A common stock.
The combined company would have a $327 million valuation. Read more.
